1,598 Shares in Zscaler, Inc. (NASDAQ:ZS) Bought by Essex Financial Services Inc.

Essex Financial Services Inc. bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, HoldingsChannel.com reports. The firm bought 1,598 shares of the company’s stock, valued at approximately $354,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new position in shares of Zscaler during the 4th quarter valued at about $9,674,000. Nordea Investment Management AB increased its position in shares of Zscaler by 463.5% during the fourth quarter. Nordea Investment Management AB now owns 29,803 shares of the company’s stock worth $6,629,000 after acquiring an additional 24,514 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Zscaler by 1.5% during the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock worth $1,343,810,000 after acquiring an additional 129,090 shares during the period. AQR Capital Management LLC lifted its position in Zscaler by 272.6% in the 3rd quarter. AQR Capital Management LLC now owns 41,894 shares of the company’s stock valued at $6,518,000 after acquiring an additional 30,650 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Zscaler by 19,012.4% in the 4th quarter. International Assets Investment Management LLC now owns 223,997 shares of the company’s stock worth $49,629,000 after purchasing an additional 222,825 shares during the period. 46.45% of the stock is owned by institutional investors.

Insider Transactions at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of Zscaler stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the completion of the transaction, the chief executive officer now directly owns 367,152 shares of the company’s stock, valued at approximately $70,915,408.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Karen Blasing sold 7,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total transaction of $1,756,300.00. Following the sale, the director now owns 40,372 shares in the company, valued at approximately $10,129,334.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the transaction, the chief executive officer now owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,715 shares of company stock valued at $4,212,202. 19.20% of the stock is currently owned by company insiders.

Zscaler Stock Performance

ZS opened at $177.11 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98. The business has a fifty day simple moving average of $192.52 and a 200 day simple moving average of $203.40. Zscaler, Inc. has a 1 year low of $86.93 and a 1 year high of $259.61. The company has a market capitalization of $26.55 billion, a PE ratio of -186.43 and a beta of 0.85.

Zscaler (NASDAQ:ZS) last announced its earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. The company had revenue of $525.00 million during the quarter, compared to analysts’ expectations of $507.56 million. Research analysts expect that Zscaler, Inc. will post -0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays cut their price target on Zscaler from $259.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Robert W. Baird raised their price target on shares of Zscaler from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Truist Financial reissued a “buy” rating and issued a $260.00 price objective on shares of Zscaler in a research report on Monday, April 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $270.00 target price on shares of Zscaler in a research report on Friday, March 1st. Finally, Morgan Stanley lifted their price target on shares of Zscaler from $195.00 to $214.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Five investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $230.24.

Zscaler Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.